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20121208
20121208
Search Results 0 to 7 of about 8 (some duplicates have been removed)
. >> the effort continued today. joe biden had lunch with middle class americans who will see their taxes go up if republicans refuse to extend 19% of the tax cuts before the end of the year. >> folks, this is not hard. this ain't rocket science. it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent the middle class tax cut. the president would probably have me spin up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> vice president joe biden did not waiver on the white house's position. it's all about the top tax rates. >> every serious economist i have spoken to, left, right, and center, knows you have to do something about revenue and rates. you can't get there from here without affecting people at this table. or fooling around with the mortgage deductions. you can't get there without the rates being affected. >> the white house is not backing down on rates. the president sent his legislative affairs director to meet with the republicans on the hill. he told him the white house
spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is that the markets have remained relatively stable despite this uncertainty here in washington. it will take though just one or two days next week or so for the markets to get a bit jittery and then all of a sudden that might light a fire under lawmakers here to finally get a deal, shep. >> shepard: it okay vice president biden today signaled he thinks the deal is coming and snapped his fingers along the way. this is a two man deal now pre
president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the president is willing to consider what he called any serious offer. aides for the two sides were expected to continue talking, through the weekend. wall street was mostly higher on the news from november's jobs report. the dow jones industrial average gained 81 points to close at 13,155. the nasdaq was hurt by another sell-off in apple stock, and fell 11 points to close at 2,978. for the week, the dow gained 1%. the nasdaq lost 1%. this was another tense day across egypt, as a political crisis deepened. tonight, thousands of protesters pushed past army and police outside the presidential palace, demanding that president mohammed morsi leave office. he's assumed absolute powers and refuses to call off a vote on a constitution drafted by islamists. earlier
by vice president biden. vice president biden also went to china. he had previously studied, as chris said, in the united states. li keqiang also has met regularly with visiting american other officials. and probably -- i don't know of another chinese official who's had as much in-depth experience with international diplomacy who has ascended -- on the economic side, albeit -- but who has now risen to such a high position. so these are people that know the world and we've had some interactions with. >> explain to us this whole business of a pivot because, as i understand it, the chinese have one idea of it and we have kind of a different idea of it. what is this pivot? >> well, look, you know, the united states has always been deeply engaged in asia. for decades we have maintained strong security alliances. we have had a key role in working with china as china came out of the cultural revolution. we have worked, basically from japan to australia, in deepening relationships for decades. i think the case has been that over the course of the last decade or so we have been very engaged in crit
Search Results 0 to 7 of about 8 (some duplicates have been removed)